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tv   Mad Money  CNBC  January 25, 2010 6:00pm-7:00pm EST

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i always like to say there's a bull market somewhere. "mad money." you can't afford to miss it. hey, i'm cramer. welcome to "mad money". welcome to cramerica. i'm trying to entertain. i'm trying to make you some money. i'm trying to educate. call me, 1-800-743-cnbc. when we left here friday night gloom filled the atmosphere the bell saved us from dropping another 100 dow points. we figured today would be a continuation of last week's
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bleeding. this weekend reminded me of some of many more gruesome ones of 2008 and the first part of 2009. when you rifle between the jets and financial websites and you footed the halftime at the nfc championship game to see how japan and hong kong were trading. you figured both would look worse than brett favre after one of the six legal shots to the head that the saints delivered. instead, what happened? we got a rally. a 24-point move in the dow. small gain on the s&p 500. just what we would have looeps expected when we left bloody and bowled 72 hours ago. we have to figure this out. how come? why did this happen? simple. this was put to bed. hopefully it will stay there by a bunch of senators who spoke up for the em battled fed chief. perhaps realizing that the guy was the person of the year over
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that time. not the goat of the game. did save the western world in the process. we made a bounceback today. it's important to understand what the heck happened here. so important that we're going to spend most of the show on it. because what occurred in washington was obviously much more powerful than any of the earnings report, any of the revenue reports, anything wall street threw at us. boy did we get serious good quarters in almost every sector last week? and they were still overwhelmed by the negativity. all right, there's some important lessons here. first, when everyone thinks the world is coming to an end, it tends not to end. we feared the worst, right? we feared the worst. you know what, when we fear that we rarely get the worst. i want to be clear on this, a nixing of ben bernanke would
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have caused at least a thousand-point decline. he's regarded basically as the only adult in the room. the guy who may have started late to solve the banking crisis but did keep the system working kept your atm on the move. prevented imminent bank nationalization. i think it's safe to say we would be several thousand points lower than we are if not half if he hadn't stopped the move to nationalize the banks. second, this is the real travesty. until last week america thought bernanke was one of the good guys. helping them to make mortgages and small business loans affordable by keeping interest rates low. bernanke had nothing to do with aig and the recklessness of the output. he did nothing to create an atmosphere where fran fannie mae and freddie mac. we have to compare about this travesty on "mad money." it reminds us how important it is to return to our active
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investing themes for the beginning of the year. themes that will keep us out of the threats to bring down our financial system. let's go over it with an i-tour of what you should be doing in the new treacherous environment. first we said you should have a big slug of your assets overseas in foreign stocks. we said as much as 20%. right here, right now after the debacle that was last week with the president and bernanke, we're changing that to 25%. that's right, 25% overseas. because when a country's politicians turn on the most respected central banker in the world, you know our nation is going to be a less safe place to invest than just about any other modern democracy in the globe. places are weak. yes, you should think about it. brazil, chile, canada. they are all more sane and less likely to turn on the public officials who are trying to this save small business and boost employment. they would never turn on their
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bernankes. that is if they ever had someone as high a caliber as ben bernanke. second is gold. that's right, the precious medal. the medal has been down big since china decided to slow things down. 107 down from $119. we think the correction has run its course. take it from someone who advocates same ne investing in insane world and wants to get you back do even, gold must be an intricate part of your portfolio. third, is the mobile internet tsuna tsunami. i'm bored by apple. what matters is that apple is at the heart of the revolution in how the world gets its informations, it's communications, and it's entertainme entertainment. i don't think apple can be
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contained from a slowdown from the populous in washington. they can't stop it on wednesday. washington will produce a slowdown, which was the sub text of last week's monumental selloff. fourth, counterterrorism. a president must maintain a strong stance against the enemies. obama turns on these companies last. we're running out of resources. running out of oil. our president's decision to tilt for windmills and solar means we aren't going to break away from imported oil. those two methods won't cut imported oil by a meaningful k factor until maybe 2030 or 2040. you need a farm oriented oil play. how about this one?
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schlumberger? it reported a fantastic quarter. it doesn't have as much u.s. exposure as others. that may fit the bill here. hooersz the bottom line. when washington comes down on the good guys -- when the man of the year is in danger of being booted, it's more important than ever to own stocks that fit our broad themes that transcend the insanity of trashing bernanke for the sake of some wrong headed belief that he's part of the problem, not the solution. it looks like over the weekend we dodged a dumb dumb bullet. dumb in many ways, more than one. now use this to immunize yourself from washington's next assault on business and on those who have tried their best to help the home gainer make money, start a business, and buy a home. let's go to chris in the illini. chris?
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>> hey, lady gaga boo-yah-yah to you, man. >> shouldn't president obama's proposed reforms strengthen banks or at least reduce the perceived risk sending share prices higher and not lower? >> no. president obama eels plan had it been the vocal rule about how to make mortgages more stringent and reckless loaning was somehow put to bed maybe by increasing the omt of down payment, then everything would be safer. this has the effect of making it so gold man sax can't run the business the way it has. beyond that maybe it affects j.p. nor goon. that's it. which is why it's so darn stupid. you're not allowed to say that.
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i want to be a guy, too, not in the cross hairs. i don't want to be in the cross hairs. it's misdirect directed. it's misguided. let's go to steven in texas. >> caller: boo-yah. my question is about red hot. rht. got into it last year. a pretty good run until the past few sessions. should investors be scared or optimistic? >> red hat is without a doubt one of the battleground stocks of all time. i got bulls. i got bears. i don't like battleground stocks. now it's better late than never or a cloud computing play like sales force.com. now that we've put away the short being directed against the convertible bond. why don't you go with sales force.com. crm. lead the red hat battle to others. we no longer have to worry about
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bernanke's confirmation. at least it seems. that doesn't mean we're safe from washington's next assault. it was mortgage lending that wrecked the world. not crop trading. >> coming up -- >> there will be time for them to make profits. now is not the time. >> with wall street in president obama's cross hairs, are your stocks in danger? cramer shows you how to steer clear of the political risk in your portfolio. and later -- winners and losers. with policy changes expected to kick into high gear in president obama's second year -- >> there are things that have to get done. >> cramer is looking for the stocks that will be hit the hardest and the ones that will emerge clear winners. all coming up on "mad money." miss out on some "mad money" catch a mad money text alert today. text "mm" to 26221 to get cramer
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right on your phone. for more info visit madmoney.cnbc.com. or give us a call at 1-800-743-cnbc. [ male announcer ] introducing the all-new lexus gx. it has the agility and the power to take on any mission, and the space to accommodate precious cargo, because every great action hero needs a vehicle. see your lexus dealer. ♪
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in the last week the world of investing has been turned upside down by washington. >> the house of pleasure. >> the house of pain. >> we can no longer afford to look at stocks the same way we did before the gop upset in massachusetts. with the obama administration now on an anti shareholder rampage, we now have to factor in political risk when we evaluate different sectors. it may be higher than any time since jimmy carter, who truly hated profits. in the midst of earnings seasons politics has become just as important as revenue growth or earnings beets. so we need a new prison m for valuing stocks. tonight i'm going to give you
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that prison m. in a world where the president has shown he can and will smash any given sector suddenly stockholders are public enemy numpl one as we saw last week that caused stocks to correct more than any time in recent memory for certain. doesn't matter that most people put their kids through college with stock profits, retire with the aid of stocks, these seem to be of no importance to obama who seems to think that lloyd from goldman sachs is the only person with gold stocks in the country. maybe if martha coakley had won in massachusetts, gold man's stocks would have opened up big and ended big the next day, too. given that gold man reported right when obama forced it, the
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stock was crushed despite the restraint goldman showed on bonuses, which no one thought would happen. this killed more than the democratic super majority in the senate. she killed the banks. to think that wall street once loved obama, now in true lady gaga fashion, he doesn't want to be friends. he just wants revenge. so who is next? isn't that the real question? we know business is the enemy now. it's all become clear to us. we need to be ready for anything. including grenades that might come in the way of shareholders in the state of the union address on wednesday. fire in the hole! we're now in a world where the president is once again targeting fat cats, and as you're investing coach i'm going to give you the new scheme for analyzing stocks based on how vulnerable they are to a tax from obama. so which sectors does he have in
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his sights? remember, when we value a company's stock what we're really paying for its future earning stream. the price of a stock equals the earnings times the multiple we'll pay for the earnings. i always put that equation "p" equals "e" times "m." we pay more or less for the earnings on a number of factors. typically it's just growth, consistency, market share, revenue acceleration. now we're going to add a new one. that's obama-related political risks. make no mistake, this president has the power to wreck the earnings of companies or at least the expectations of what the earnings may be, making us want to pay less for many sectors that are now really in the cross hairs of our president. after the break i'll tell you what kinds of obama discount premium to give certain sectors. right now you need to know that this market will pay less for the earnings of any industry that's a potential target for
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the administration. and it will pay a lot more for those that aren't. obama is the cd holder east best friend or the friend of those who can't afford cds for that matter. that's why we spend so much time focusing on politics lately. not because i'm trying to get a partisan political agenda. wait, maybe i like the starbucks. no. our only agenda is pro stock prices. i'm in favor of you making money. excuse me. he wants to prevent the country from being crucified on goldman sac sachs. it's up to the president, not the earnings. it's not what about obama will do. it's what he might do.
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the very uncertainty is enough to send buyers to the sidelines or worse, bonds. no longer is he talking about how it's a great wealth creation. right? what happened to that thing? investors like security. they don't want to wake up and know that it will take a big fat chunk out of earnings. we want to know that are r our companies aren't within the presidential focus. we're willing to pay for those that aren't. we want that kind of safety and insurance. the uncertainty factor is huge. just think about what happened with health care. right. first of all the health care stocks got hammered. once the details became clear many of the hardest hit stocks rallied because the street was able to quantify the damage of obama care and what it wuld do to earnings. that really is the cycle. first you had to shoot first. then you ask questions.
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then you buy later. need i remind you that 50% of all stocks performance is determined by sector. those sectors that obama seems to hate are now going to become really bad neighborhoods. now, you can be the best in a bad neighborhood, but you're still going to be in a house of pain because of the nature of the president right now. i would rather be in the worst company in a neighborhood that has no beef with obama. here's the bottom line, until this is over and obama stops being so anti-shareholder and goes back to the obama that said the stock market is a great wealth creator, we have to look at which industries he'll try to punish. stick with me after the the break. i'll tell you what deserves an obama discount and, yes, an obama premium. right now, obama first. earnings second. which gives us a lot of sectors
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that are guilty until proven innocent as you will soon find out after the break. coming up -- winners and losers. with policy changes expected to kick into high gear in president obama's second year -- >> there are things that have to get done -- >> cross-claimer is looking for for stocks that will be hit the hardest and the ones that will emerge clear winners. and later, are you ready to get charged up? cramer cranks up the voltage and goes electric on an all new hyperactive lightning round. all coming up on "mad money."
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looks like we need a new political prison m now that president obama has gone on an anti-business rampage. one that starts on wall street but we believe will extend to all business, all capitol if you
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want to put my seven economic classes i took at harvard to use. tonight i'm going to take you through each sector and explain what kind of obama discount or rarely premium it gets in the new investing world where earnings take a backseat to populous politics. to find out the risk you're taking on without knowing it. first, discretionary good stocks made up 5% of the s&p 500. there's not much obama pressure in particular on the discretionary sector except for the need to raise taxes. the president decided to raise them more. i would shave 5% off the value of stocks in this sector. if not a full scale sham wow. that's why we need to be wary
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about the group. i cannot be as excited about these groups as i would have been knowing those with capitols have become the enemies of the people, or at least labor. joe hill doesn't go to tiffany. tom joe doesn't go to target. consumer spending is 2/3 of the economy. while the discretionary stocks aren't the worst hit by this investing paradigm shift, they're definitely worse off than they were just two short weeks ago. how about staples? they represent 11.4% of the s&p. i think the staples deserve a 5% premium to all their stocks and to where they would sell in a world where martha coakley rather than scott brown has won the election in massachusetts. that's right, an obama premium.
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these stocks are the best area of all. typically ones that have reported good numbers already. like mcdonald's. and kimberly clark! just a second. kleenex. this has a 4% yield. and this raises dividend by as much as 10%. i think you can beat the numbers. this stock leak ths to the top the queue. it's kimberly clark. what would obama have against tissues? kills 99.9% of cold and flu viruses. that seems like a positive. i don't see anything wrong with
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that. i can't find anything wrong that would anger him about kleenex. what's the beef? with mcdonald's we may not rule out a tax on junk food. i think the antiviral stuff could be a positive. next up is energy. oh boy. 11.52% of the s&p 500. this one is totally in obama's cross hairs. so much so i'm going to give the sector a 10% haircut. this group is next to be targeted after the administration finishes beating the stuffings out of the banks. i expect obama will try to ban a lot of drilling to protect water, game, fish, foul, whatever. i think exxon will be the next goldman sachs. if i were i wouldn't own it. this is just in case obama backs a bail on natural gas drilling using hydraulic fracking. remember, friend buddy pal jim
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hackett said exclusively on "mad money" that it's easier to drill in ghana than the united states. the question may be whether it's easier to term in venezuela than here? which is just -- no sector is higher up on obama's enemy list than the banks. that means the group deserves a 15% haircut. if not a buzz cut perhaps with a rusty k-bar. j.p. morgan is the ideal mix of private equity and was exempt from glass steel. that's one of the sub text of the rule. so be careful with jpmorgan. goldman has already been crushed. but there's likely more pain ahead now that the ceo has become a national pinata.
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i can't do it. i just can't. wait a second. health care, which represents 13.1% of the s&p 500 is another sector that steams obama. and gets a 10% discount in the new prisonm. that's down from 15% because the end of the democratic supermajority. i think this is a difficult group. coakley lost, but the market knew it was coming, so it jacked the stocks up. hence why they now have more risk. we say focus on the ones that report it. that's covidien. it was never targeted by the president. it's almost as good as something that stops 99% of colds and flus. what do we do with industrials? these two get hurt by a possible
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obama-related economic slowdown. but all these companies aren't hostage to the u.s. still give the group a 10% haircut under the new frame work. many industrials have huge ex exposure to china. and china is intentionally trying to slow down it's economy. obama on the other hand is unintentionally trying to slow our economy. but they both have the same effect. so we're nervous about the industrials and have to fallback on a company that is coming back and coming back fast. here i'm talking johnson controls. which just reported a terrific quarter because of a huge turnaround in autos. thank you ford. where it makes batteries and seating. i think tech is similar to industrials. going to get a little haircut here. we don't think obama is anti-tech. we do worry about a worldwide
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slow down caused by his stance called a 10% hiccup. this is the best multiyear growth path, apple. not the best multi-day grow path. obama can't dampen the mobile internet tsunami, which is a tough storm to tax. more to fear from china than obama. so it's neutral with democratic politics. telecom, uh-oh, i'm giving this group a 5% obama discount as it should be the subject of justice department investigations simply because no one likes the phone companies. forget they are competitive and constantly trash each other and have a lot of maps with blue and red pins or something. everyone knows that these companies hate each other. any good populous president has to take aim at these guys. come on. makes too much sense. too easy not to do it. finally, cap and trade is next, right? it will probably be more
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draconian than ever following massachusetts. one of the few utilities that doesn't have a problem is con ed. they've had pa big move. i near the utilities are such a fabulous target for a populous, just like the 1930s. this time you can say poison in the air, the water, the people. wow. what a message. the bottom line, obama's lurch towards populism has reduce what had you should pay for the vast majority of stocks. only consumer staples are worth more post the coakley croak. almost everything else is worth less. be aware of the new atmosphere before you buy. remember we now have an anti--shareholder president. who believes you can -- give me lloyd -- without having an impact on the gamer. if only it were true. pinata blankfein. >> david, boo-yay, jimbo.
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>> thanks for your hard work. >> caller: you did a beautiful segment a couple years ago on a stock called edward life sciences. >> excellent, man. that stock is just a mover and shaker. can you believe that? it still sells at a discount multiple to growth. i want you to keep buying it. >> caller: very good. >> it's a good stock. oh, looks like we're going show time. let's speak to dexter in california. dexter. >> caller: cramer, boo-yah. how you doing? >> not bad, chief. how are you? >> caller: i've got a question. you ready? >> fire away, partner. >> caller: i'm a new investor. new investor in the business. in spite of the economic uncertainty in the market i want to know if there's a good entry point as far as investing into a company called mastercard.
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what do you think? >> i like mastercard very much. mastercard and visa both have no credit risk, but have a lot of upside to spending. they're regarded as what i call faux financials. not four. i think why you want to buy these is people want to get out of the traditional financials because there's too much obama risk. let's be away that a lot of people in congress think these companies make shoo much money. you know that's a no-no. i believe the mastercard growth as people go from paper to plastic remains a major theme. to tom in virginia. >> hello. thank you for taking my call. >> my pleasure there. what's up? >> my question is if mr. obama's administration, president obama's administration is going to push for alternative energy such as solar, which is a
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speculative industry, would solar stocks be worth looking at the current levels since green is the president's favorite color? >> no. i see it cutting back on solar subsidies. those countries were really mr. solar. if europe is cutting back, don't touch any solar. how much obama risk are you willing to take? go through every major sector to figure out what discounts or premiums you can get. the difference between buying goldman sachs versus kimberly clark, today the clark. leave the goldman. stay with cramer. >> the madness goes nationwide. >> boo-yah. >> from sizzling southern california. >> jim takes your calls from all
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across cramerica. an all-new quick fire lightning round.
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it is time for lightning round! you say the name of a stock. i tell you whether to buy them or sell, sell, sell. i do not know the questions ahead of time. my staff prepares the graphics on the fly. then the lightning round is over. are you ready? time for the lightning round. we start with rick in kentucky. definitely lucky. >> caller: hey, jim. how about a local kentucky derby city boo-yah to you. >> 365-day really happening boo-yah. >> caller: thank you for the entertaining and educational production you put on. i know you work hard at it. >> thank you. i ruin the whole weekend trying to put the obama stuff.
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i appreciate it. >> my symbol is "x." >> letter "x." we have to hold off on the steel until newcore. i want to wait. i'm on hold. even though they had good numbers today, i'm on hold. how about robert? >> caller: hey, luke is 4. he wants to say hi to cramer. >> boo-yah skee-daddy. >> what's going on partner? >> caller: a year ago i bought a honda civic. i took the same amount of money and got my son a stock. is it a good stock? >> not bad. he said jim rocks.
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to serve is to live. to own ford is to make money. let's go to randy in the buckeye state of ohio. randy! >> caller: yes, jim. boo-yah. >> boo-yah. >> caller: how about ctl? >> another phone company i like. that management is clever. an 8% yield. it's growing. i love companies that can pay the dividend. i know they can. i'm giving you a triple buy. let's go to donald in florida. donald! oh, come on! it's the first darn lightning round of the week. donald! >> caller: i just want to know what obama is doing to the banks, is that going to affect bank of america's stock? >> well, you know, the rule.
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upset by apple. you know, there's another part of that that says there's too much concentration in large banks. bank of america bailed out the country we know they have at times there's been private ek wety involved there, which we know is now a big sit. but my trust is turning the corner. i think they'll make it despite the fact that the president seems to have it out for them. let's go to randy in illinois. randy. >> caller: boo-yah. >> boo-yah back to you. >> hawaiian resource. arlp. >> stop the commissioning of any coal power plant in 2009. that says be careful about eastern coal.
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on the csx conference call michael talked about a slowdown. not sure. he didn't say that. i think natural gas shipped. i think they're shipping the call to china. get out of coal. sell, sell. sell. >> let's take one more. phillip in massachusetts. fip little kplp. >> boo-yay. >> i was wondering about yahoo. >> i think she's turning the company around. however, google got just slapped down last week. and i think google traded at 20 times the earnings is ridiculous. i don't mind buying the insider stocks. you have to be more diversified. i would rather be in google than yahoo. >> don't buy. don't buy. >> the first lightning round of the week is over. maybe i'll continue to do it in
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greenwich village tonight. i'm not kidding. >> and strategy... is all about information. heat mapping shows me where the money's moving. twenty five hundred stocks... one quick look. that's where the action is. plus, this amazing gadget... it's called the telephone. i can call td ameritrade anytime and talk trades, strategy... anything. td ameritrade. built by traders, for traders. this is what i need. announcer: trade commission free for 30 days, plus get 100 dollars cash, when you open an account.
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nobody wants to say a bad word about the former fed chair who broke the back of inflation in the country 30 years ago. but the rule makes me think that he's either lost touch with what went wrong in this banking crisis, or worse, he succumbed to the populous political pandering that has turned the obama administration into such an absurd enemy of shareholders everywhere. all right. it doesn't get more outrageous than this, frankly. president obama has decided to focus on proprietary trading. except in the case where they made things better for firms. 99% of the props that cause t.a.r.p. and the guarantees for the u.s. government are directly relate
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related to poor lending decisions. the rule wouldn't have stopped any of it. everybody knows that. i want you to take the black holes case by case. the ones that sent us under. two banks saw modern day bank runs. major banks. washington mutual and wachovia. it's clear both were entirely caused not by prop trading or hedge funds, but by reckless mortgage lending. citigroup. it needed federal intervention because of a gigantic off balance instrument made up of horrid mortgage loans. not because of proprior tear trading which it did very little or totally equitable manageable losses. lehman, both brought down by mortgage lending and the skent packaging of the soured mortgage loans. both firms jam the pathetic unregulated mortgage unregulated mortgage bonds into their hedge fund clients to which both firms extend too much
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credit causing them to experience mortgage reflux when things started going bad and they had to take back the mortgage-backed securities from these ultraleveraged hedge funds as collateral. neither institution was a deposit bank with fdic protection so the volcker rule roont have prevented the death of lehman or behr. the banks have have not repaid t.a.r.p., 100% mortgage-related. no prop trading or no hedge funds or no private equity, sharely bear, the fdic chairwoman must know that but she said nothing. g-mac, the problem was mortgage related. no prop trading. no hedge funds. come on. no private equity. how about these three big issues? fannie mae, freddie mac and aig? i think fannie and freddie which will produce the biggest losses
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for the government, i think they'll surpass a trillion dollars. the problem was reckless mortgage underwriting. the volcker rule wouldn't have mattered in the slightest. you could argue that aig is at the true heart of all the populist revolt, endless hearings and another one where poor tim geithner is going to be drawn and quartered again. how ridiculous, because of aig and the $200 billion bailout and the infuriating bonuses. but at the bottom the problem with aig was one of disclosure about mortgages. we simply didn't know what the financial product division in london was doing and what the liabilities were doing because they were denied or hidden. that's a matter for federal prosecution and that's a public record. but it turns out aig was insuring private equity? no. hedge funds, no prop trade something no. reckless mortgage bonds. the again, the volcker rule would have been totally irrelevant to the situation. what gets me steamed isn't that the volcker rule wouldn't have
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helped in these situations but ironically i think it would have done damage in others. take goldman sachs. it did have prop trading and had hedge funds and private equity u all under its roof and that diversification allowed them to do that and same thing for jp morgan. the two banks that experienced runs if the volcker rule had been in place during the crisis. so what the heck is going on? if the volcker rule has nothing to do with the true cause of the banking crisis, miserable mortgage lending caused if the rules would have necessitated more bailouts the volcker rule more bailouts, why the heck is it being embraced by the administration? why? i have a theory. i think it's because it directly affects goldman sachs. the firm with the biggest bonuses that's widely viewed now at public enemy number one, as ridiculous as that is. goldman sachs was the only major firm that did not engage in reckless mortgage lending.
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they didn't do that. the volcker rule is not germane to the real problem. it is being used by the president, i think, to grab the populist low ground in a way that singles out the firm that made the most money and takes advantage of the latest headline. here's the bottom line. the way i see it, there's no other reason for the volcker rule which is why it's so outrageous and wrong. while the volcker rule may be foolish from an economic standpoint it's politically brilliant. if you speak against it you're speaking against the great icon of great paul volcker and you're defending the write of lloyd blooing fein and gary cohen, to make a ton of money. i don't care. volcker's wrong. the volcker rule is irrelevant to the issues confronting banking in the year 2010, not 1980. and i'm going to tell the real truth of what this rule and its backers are all about. oddly, i believe i believe i speak for ben bernanke, tim
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geithner, larry summers and barney frank on this issue as they know the crisis was caused by mortgage lending, not by hedge funding or prop trading or private equity. our only difference? i'm saying aloud what these guys can't risk doing. defrocking volcker and his uninformed, unsophisticated, disengenuous victim. we're back after the break.
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remember, it doesn't matter
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how apple reacts tomorrow. what matters is there's so many multiyear stuff stuff ahead you got to stay in it. i like to say there's always a bull market somewhere and i promise to try to find it for you here on mad money. i'm jim cramer. see you tomorrow. is ben bernanke selling out to easy-money democrats? stocks are undecided. we have john taylor, tom coburn and don't we need a white house commission for rich people and entrepreneurs? the reason lies six thousand miles away... in japan, where a producer of specialty eggs needed corn for feed... grown to precise standards. cargill identified the producer's needs, then introduced an illinois farmer to grow the exact corn needed... and developed a system to ship it separately, connecting the farmer with a japanese customer... who was very appreciative. this is how cargill works with customers.

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